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Proceeding contribution from Lord Christopher (Labour) in the House of Lords on Wednesday, 16 March 2011. It occurred during Committee of the Whole House (HL) and Debate on bill on Postal Services Bill.


Postal Services Bill

My Lords, I apologise for having been diverted to another meeting. There are two issues that concern me on which I would be grateful if there were some comment. There is an assumption that there will be a market in these shares, and I am not at all clear that that will necessarily be the case. If there is not, how is it proposed to deal with that situation? I may have missed the point on the other issue. Assuming that something like the amendment goes through, we have an employee share scheme of this nature and shares are sold back, will we reach a position where all the shares are in the hands of this trust, or whatever it may be called? How will we deal with that situation?


Secondary information

Type
Proceeding contribution
Reference
726 c262 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Access Disadvantaged Assets Bank services Closures Banks Credit unions Cooperatives Industrial democracy Privatisation Opening hours Post offices Profit sharing Postal services Post Office Small businesses Rural areas Royal Mail Universal service obligation
Legislation
Postal Services Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk